The global aircraft hydraulic system market was valued at $9.91 billion in 2021 and it is expected to reach $29.1 billion at a CAGR of 9.7% between 2022 and 2032. The hydraulic pump, motor, and system plumbing make up a hydraulic system, which pressurizes the hydraulic fluid to control an aircraft's mechanical components such as steering, braking, landing, and other operations. Commercial and military aircraft's hydraulic systems are crucial to their operation and safety; by providing a high power-to-weight ratio, they help lighten the aircraft.
By region, North America has been leading this market over the past few years across the globe.
The weight, inspection requirements, ease of installation, and weight of hydraulic systems have all seen significant changes. Additionally, hydraulic systems are not brand-new in the aviation industry. Hydraulic brake systems have been employed by aircraft in the past. Newer systems are being developed by manufacturers as the aircraft industry develops. Aircraft hydraulic systems increase the component efficiency of an aircraft. The simple operation of an aircraft's flaps, landing gear, brakes, and flight control surfaces is made possible by its hydraulic systems. The size of the airplane affects how sophisticated the hydraulic systems are. For instance, only the wheel brakes on smaller airplanes require hydraulic fluid.
Source: SAI Research
Additionally, the hydraulic system in an airplane can be heated to extreme temperatures and bent into any shape. This influences demand for the aircraft hydraulic system as well. However, the primary needs of any hydraulic system are hydraulic fluids. During the projection period, it is projected that further technological advancements in aviation hydraulic systems, such as its integration with artificial intelligence, would open up new market potential.
Some of the key characteristics of an aviation hydraulic system include high strength, lightweight, clarity, anti-fogging ability, and glare reduction. During the projected period, these are anticipated to be the major factors influencing the global market for aircraft hydraulic systems. Additionally, by heating at high temperatures, an aircraft hydraulic system can be molded into any shape. Additionally, this increases the demand for aircraft hydraulic systems. In addition, rising urbanization and industry also contribute to the demand for aircraft hydraulic systems. Businesses that compete in the worldwide aircraft hydraulic system market are investing to diversify their product lines and enhance distribution systems. To meet the rising demand for aviation hydraulic systems in various countries, they have employed methods like mergers and acquisitions, the creation of new products, joint ventures, and expansions.
The simplicity with which force may be transferred over long distances to sealed compartments and the significant increase in mechanical advantage made possible by altering the size of the pistons are two main benefits. During the projected period, these benefits are anticipated to propel the market for aircraft hydraulic systems. These major factors are anticipated to fuel the market growth during the forecast period.
Based on type, the closed-center segment accounted for the largest share of this market and is anticipated to gain a more significant share in the future. This fact can be used to explain this growth. Hydraulic systems are used by pilots to handle components including cargo doors, propeller pitch controls, nose wheel steering, wheel brakes, flight control surfaces, and landing gear. Additionally, stricter regulations that standardize the services provided by specific aircraft types and enhance aircraft safety are likely to drive fleet modernization, which will accelerate market growth.
Based on component type, the accumulators' segment has led the market with significant growth. Solutions' inherent qualities, like variable speed, high power output, and overload control, are fostering market expansion. They are therefore perfect for high-force applications like flight control and landing gear. On the other hand, the market is also anticipated to be driven in the future by the pumps category. One of the key aspects anticipated to support the growth of the pump segment throughout the projected period is the fact that pumps deliver high fluid pressure even in extremely thin pipelines.
Geographically, North America has been dominating the aircraft hydraulic system market over the past few years and is also anticipated to hold its dominant position during the forecast period. Rising demand for air travel is anticipated to be favorable for the market for aircraft hydraulic systems in the aviation industry. As the domestic aircraft industry engages in worldwide projects to create tiny jets and transport & patrol aircraft for defense, the U.S. makers of aircraft hydraulic systems are observing enormous prospects in the market. On the other hand, a significant portion of the global market for aero plane hydraulic systems is expected to be accounted for by the Asia-Pacific region during the forecasted period due to the region's economic expansion, the emergence of new structural activities, and the high demand for new aircraft.
According to the study, key players such as Arkwin Industries (U.S), Dynax (India), Eaton Corporation (U.S), Heroux-Devtex (Canada), Moog Inc (U.S), Parker Hannifin Corporation (U.S), Raytheo Technologies (U.S), SAFRAN SA (France), Triumph Group (U.S), Woodward Inc (U.S), among others are leading the global aircraft hydraulic system market.
|Market Size in 2021
|US$ 9.91 Billion
|Market Volume Projection by 2032
|US$ 29.1 Billion
|Forecast Period 2022 to 2032 CAGR
|2019, 2020 and 2021
|2022 to 2032
By Type: Open-Center, Closed-Center
By Component Type: Reservoir, Pumps, Filters, Hydraulic Fluid, Hoses, Accumulators & Others
North America, Europe, Asia-Pacific, LAMEA
|Arkwin Industries (U.S), Dynax (India), Eaton Corporation (U.S), Heroux-Devtex (Canada), Moog Inc (U.S), Parker Hannifin Corporation (U.S), Raytheo Technologies (U.S), SAFRAN SA (France), Triumph Group (U.S), Woodward Inc (U.S), among others.
The Global Aircraft Hydraulic System Market Has Been Segmented Into:
The Global Aircraft Hydraulic System Market – by Type:
The Global Aircraft Hydraulic System Market – by Component Type:
The Global Aircraft Hydraulic System Market – by Regions: